Vident Advisory LLC Purchases 70,782 Shares of Arm Holdings plc (NASDAQ:ARM)

Vident Advisory LLC lifted its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 128.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,022 shares of the company's stock after buying an additional 70,782 shares during the quarter. Vident Advisory LLC's holdings in ARM were worth $15,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARM. Tufton Capital Management boosted its position in ARM by 1.5% during the fourth quarter. Tufton Capital Management now owns 4,425 shares of the company's stock worth $546,000 after purchasing an additional 65 shares during the period. Valley National Advisers Inc. boosted its position in ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock worth $75,000 after purchasing an additional 72 shares during the period. Zullo Investment Group Inc. boosted its position in ARM by 4.6% during the fourth quarter. Zullo Investment Group Inc. now owns 1,915 shares of the company's stock worth $236,000 after purchasing an additional 85 shares during the period. GeoWealth Management LLC boosted its position in ARM by 53.8% during the fourth quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after purchasing an additional 92 shares during the period. Finally, Cibc World Markets Corp boosted its position in ARM by 3.5% during the fourth quarter. Cibc World Markets Corp now owns 2,838 shares of the company's stock worth $350,000 after purchasing an additional 96 shares during the period. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on ARM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ARM in a research report on Thursday, May 8th. Morgan Stanley dropped their target price on ARM from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Jefferies Financial Group lifted their target price on ARM from $170.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their target price on ARM from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, KGI Securities assumed coverage on ARM in a report on Tuesday, April 15th. They set a "neutral" rating for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $152.76.

ARM Trading Down 0.9%

NASDAQ ARM traded down $1.17 during trading on Thursday, hitting $129.28. 2,359,342 shares of the company's stock were exchanged, compared to its average volume of 6,973,938. The company has a market cap of $135.46 billion, a PE ratio of 170.11, a P/E/G ratio of 6.33 and a beta of 4.39. Arm Holdings plc has a fifty-two week low of $80.00 and a fifty-two week high of $188.75. The stock's 50 day moving average price is $112.62 and its two-hundred day moving average price is $131.31.

ARM (NASDAQ:ARM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. ARM had a return on equity of 11.94% and a net margin of 21.82%. The business's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts forecast that Arm Holdings plc will post 0.9 earnings per share for the current fiscal year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.